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NYU: Finance Working Papers (Topic)

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208,554 Total downloads

Viewing: 1 - 50 of 791 papers

1.

Art as an Investment and the Underperformance of Masterpieces

NYU Working Paper No. FIN-01-012
Number of pages: 34 Posted: 26 Feb 2020
Working Paper Series
Jiangping Mei and Michael Moses
affiliation not provided to SSRN and ART MARKET CONSULTANCY
Downloads 216
2.

Are All Currency Managers Equal?

NYU Working Paper No. 2451/29835, https://doi.org/10.3905/jpm.2011.37.4.042
Posted: 21 May 2019
Accepted Paper Series
Momtchil Pojarliev and Richard M. Levich
Fischer Francis Trees & Watts, Inc. and New York University (NYU) - Department of Finance
3.

Skin or Skim? Inside Investment and Hedge Fund Performance

NYU Working Paper No. 2451/38717
Number of pages: 77 Posted: 08 Jun 2017 Last Revised: 21 Jul 2019
Working Paper Series
Arpit Gupta and Kunal Sachdeva
NYU Stern School of Business and Rice University - Jesse H. Jones Graduate School of Business
Downloads 1,291
4.

Trading Costs and Informational Efficiency

NYU Working Paper No. 2451/38631
Number of pages: 61 Posted: 15 May 2017 Last Revised: 08 Sep 2017
Working Paper Series
Eduardo Davila and Cecilia Parlatore
Yale University - Department of Economics and New York University (NYU) - Leonard N. Stern School of Business

Multiple version iconThere are 2 versions of this paper

Downloads 141
5.

Collateralizing Liquidity

NYU Working Paper No. 2451/38630
Number of pages: 59 Posted: 15 May 2017 Last Revised: 16 Sep 2017
Working Paper Series
Cecilia Parlatore
New York University (NYU) - Leonard N. Stern School of Business
Downloads 55
6.

Transparency and Bank Runs

NYU Working Paper No. 2451/38629
Number of pages: 55 Posted: 15 May 2017
Working Paper Series
Cecilia Parlatore
New York University (NYU) - Leonard N. Stern School of Business

Multiple version iconThere are 2 versions of this paper

Downloads 26
7.

Do Strict Capital Requirements Raise the Cost of Capital? Bank Regulation and the Low Risk Anomaly

NYU Working Paper No. 2451/38628
Number of pages: 59 Posted: 12 May 2017
Working Paper Series
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business
Downloads 144
8.

Dividends as Reference Points: A Behavioral Signaling Approach

NYU Working Paper No. 2451/38627
Number of pages: 42 Posted: 12 May 2017
Working Paper Series
Malcolm P. Baker, Jeffrey Wurgler and Brock Mendel
Harvard Business School, NYU Stern School of Business and Harvard University
Downloads 59
9.

Investing in the Presence of Massive Flows: The Case of MSCI Country Reclassifications

NYU Working Paper No. 2451/38626
Number of pages: 24 Posted: 11 May 2017 Last Revised: 24 Jun 2017
Working Paper Series
Terence Burnham, Harry Gakidis and Jeffrey Wurgler
Chapman University - Department of Business and Economics, Acadian Asset Management and NYU Stern School of Business

Multiple version iconThere are 2 versions of this paper

Downloads 186
10.

Leverage and the Beta Anomaly

NYU Working Paper No. 2451/34914
Number of pages: 40 Posted: 31 Aug 2016 Last Revised: 14 Jan 2019
Working Paper Series
Malcolm P. Baker, Mathias Hoeyer and Jeffrey Wurgler
Harvard Business School, University of Oxford and NYU Stern School of Business

Multiple version iconThere are 3 versions of this paper

Downloads 147
11.

A Crisis of Banks as Liquidity Providers

Journal of Finance, Forthcoming, NYU Working Paper No. 2451/31364
Number of pages: 78 Posted: 10 Sep 2013 Last Revised: 15 Oct 2013
Accepted Paper Series
Viral V. Acharya and Nada Mora
New York University - Leonard N. Stern School of Business and affiliation not provided to SSRN
Downloads 322
12.

As Certain as Debt and Taxes: Estimating the Tax Sensitivity of Leverage from State Tax Changes

NYU Working Paper No. 2451/31613
Number of pages: 73 Posted: 10 Sep 2013 Last Revised: 14 Oct 2014
Accepted Paper Series
Florian Heider and Alexander Ljungqvist
European Central Bank (ECB) and Stockholm School of Economics

Multiple version iconThere are 4 versions of this paper

Downloads 120
13.

Shaping Liquidity: On the Casual Effects of Voluntary Disclosure

NYU Working Paper No. 2451/31614
Number of pages: 48 Posted: 10 Sep 2013
Working Paper Series
Karthik Balakrishnan, Mary Brooke Billings, Bryan T. Kelly and Alexander Ljungqvist
Rice University - Jesse H. Jones Graduate School of Business, New York University, Yale SOM and Stockholm School of Economics
Downloads 99
14.

Shaping Liquidity: On the Causal Effects of Voluntary Disclosure

NYU Working Paper No. 2451/31352
Number of pages: 47 Posted: 10 Sep 2013
Working Paper Series
Karthik Balakrishnan, Mary Brooke Billings, Bryan T. Kelly and Alexander Ljungqvist
Rice University - Jesse H. Jones Graduate School of Business, New York University, Yale SOM and Stockholm School of Economics

Multiple version iconThere are 3 versions of this paper

Downloads 67
15.

Limits to Arbitrage and Hedging: Evidence from Commodity Markets

NYU Working Paper No. 2451/29543
Number of pages: 57 Posted: 10 Sep 2013
Working Paper Series
Viral V. Acharya, Lars A. Lochstoer and Tarun Ramadorai
New York University - Leonard N. Stern School of Business, University of California, Los Angeles (UCLA) - Anderson School of Management and Imperial College London

Multiple version iconThere are 6 versions of this paper

Downloads 58
16.

Hybrid Tail Risk and Expected Stock Returns: When Does the Tail Wag the Dog?

NYU Working Paper No. 2451/31271, Georgetown McDonough School of Business Research Paper
Number of pages: 54 Posted: 10 Sep 2013 Last Revised: 06 Aug 2014
Working Paper Series
Turan G. Bali, Nusret Cakici and Robert Whitelaw
Georgetown University - Robert Emmett McDonough School of Business, Fordham University and New York University

Multiple version iconThere are 7 versions of this paper

Downloads 53
17.

CDS Credit-Event Auctions

NYU Working Paper No. 2451/31363
Number of pages: 45 Posted: 10 Sep 2013
Working Paper Series
Sudip Gupta and Rangarajan K. Sundaram
Fordham University - Finance Area and New York University (NYU) - Department of Finance

Multiple version iconThere are 2 versions of this paper

Downloads 40
18.

The Maturity of Debt Issues and Predictable Variation in Bond Returns

NYU Working Paper No. 2451/31361
Number of pages: 31 Posted: 10 Sep 2013
Working Paper Series
Malcolm P. Baker, Robin M. Greenwood and Jeffrey Wurgler
Harvard Business School, Harvard Business School - Finance Unit and NYU Stern School of Business

Multiple version iconThere are 5 versions of this paper

Downloads 36
19.

Efficient Recapitalization

NYU Working Paper No. 2451/28301
Number of pages: 61 Posted: 10 Sep 2013
Working Paper Series
Thomas Philippon and Philipp Schnabl
New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance

Multiple version iconThere are 4 versions of this paper

Downloads 29
20.

Precautionary Hoarding of Liquidity and Inter-Bank Markets: Evidencefrom the Sub-Prime Crisis

NYU Working Paper No. 2451/31366
Number of pages: 61 Posted: 10 Sep 2013
Working Paper Series
Viral V. Acharya and Ouarda Merrouche
New York University - Leonard N. Stern School of Business and World Bank
Downloads 15
21.

The Joy of Giving or Assisted Living? Using Strategic Surveys to Separate Bequest and Precautionary Motives

NYU Working Paper No. 2451/31428
Number of pages: 58 Posted: 10 Sep 2013
Working Paper Series
Stijn Van Nieuwerburgh
Columbia University Graduate School of Business
Downloads 12
22.

Hedge Funds in M&Amp;A Deals: Is There Exploitation of Private Information?

NYU Working Paper No. 2451/31422
Posted: 10 Sep 2013
Working Paper Series
Nadia Massoud and Debarshi K. Nandy
Melbourne Business School, University of Melbourne and Brandeis University - International Business School
23.

Estimating Operational Risk for Hedge Funds: The Ω-Score

NYU Working Paper No. 2451/27845
Number of pages: 23 Posted: 10 Sep 2013
Working Paper Series
Stephen Brown, William N. Goetzmann, Bing Liang and Christopher Schwarz
New York University (NYU) - Leonard N. Stern School of Business, Yale School of Management - International Center for Finance, University of Massachusetts Amherst - Department of Finance and University of California at Irvine
Downloads 98
24.

Behavioral Corporate Finance: An Updated Survey

NYU Working Paper No. 2451/31355
Number of pages: 106 Posted: 26 Jun 2013
Working Paper Series
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business

Multiple version iconThere are 4 versions of this paper

Downloads 176
25.

Covenant Violations, Loan Contracting, and Default Risk of Bank Borrowers

NYU Working Paper No. 2451/31417
Number of pages: 42 Posted: 26 Jun 2013
Working Paper Series
Anthony Saunders, Sascha Steffen, Felix Freudenberg and Bjorn Imbierowicz
New York University - Leonard N. Stern School of Business, Frankfurt School of Finance & Management, Goethe University Frankfurt - Department of Finance and Deutsche Bundesbank
Downloads 167
26.

Does Price Fixing Benefit Corporate Managers?

NYU Working Paper No. 2451/31732
Number of pages: 56 Posted: 26 Jun 2013 Last Revised: 28 Oct 2017
Working Paper Series
Tanja Artiga González, Markus Schmid and David Yermack
VU University Amsterdam, University of St. Gallen - Swiss Institute of Banking and Finance and New York University (NYU) - Stern School of Business
Downloads 155
27.

Comparing the Investment Behavior of Public and Private Firms

NYU Working Paper No. 2451/31349
Number of pages: 51 Posted: 26 Jun 2013
Working Paper Series
John Asker, Joan Farre-Mensa and Alexander Ljungqvist
UCLA, University of Illinois at Chicago - Department of Finance and Stockholm School of Economics

Multiple version iconThere are 3 versions of this paper

Downloads 149
28.

Illiquidity or Credit Deterioration: A Study of Liquidity in the Us Corporate Bond Market During

NYU Working Paper No. 2451/31418
Number of pages: 40 Posted: 26 Jun 2013
Working Paper Series
Marti G. Subrahmanyam, Rainer Jankowitsch and Nils Friewald
New York University (NYU) - Department of Finance, WU (Vienna University of Economics and Business) and Norwegian School of Economics (NHH)
Downloads 139
29.

Monitoring Managers: Does it Matter?

NYU Working Paper No. 2451/31350
Number of pages: 61 Posted: 26 Jun 2013
Working Paper Series
Francesca Cornelli, Zbigniew W. Kominek and Alexander Ljungqvist
London Business School, European Bank for Reconstruction and Development (EBRD) and Stockholm School of Economics

Multiple version iconThere are 5 versions of this paper

Downloads 106
30.

A Rational Theory of Mutual Funds' Attention Allocation

NYU Working Paper No. 2451/28347
Number of pages: 53 Posted: 26 Jun 2013 Last Revised: 29 Oct 2015
Working Paper Series
Marcin T. Kacperczyk, Stijn Van Nieuwerburgh and Laura Veldkamp
Imperial College London - Accounting, Finance, and Macroeconomics, Columbia University Graduate School of Business and Columbia University - Columbia Business School
Downloads 1,238
31.

A Behavioral Finance Explanation for the Success of Low Volatility Portfolios

NYU Working Paper No. 2451/29537
Number of pages: 22 Posted: 26 Jun 2013
Working Paper Series
Malcolm P. Baker, Jeffrey Wurgler and Brendan Bradley
Harvard Business School, NYU Stern School of Business and Acadian Asset Management Inc., USA

Multiple version iconThere are 3 versions of this paper

Downloads 363
32.

Asset Prices and Ambiguity

NYU Working Paper No. 2451/31330
Number of pages: 36 Posted: 26 Jun 2013
Working Paper Series
Menachem Brenner and Yehuda (Yud) Izhakian
New York University (NYU) - Department of Finance and City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 141
33.

Is There Skill or Alpha in Currency Investing?

NYU Working Paper No. 2451/29936
Number of pages: 47 Posted: 26 Jun 2013
Working Paper Series
Richard M. Levich and Momtchil Pojarliev
New York University (NYU) - Department of Finance and Fischer Francis Trees & Watts, Inc.

Multiple version iconThere are 2 versions of this paper

Downloads 69
34.

Time-Varying Fund Manager Skill

NYU Working Paper No. 2451/31336
Number of pages: 47 Posted: 26 Jun 2013
Working Paper Series
Marcin T. Kacperczyk, Stijn Van Nieuwerburgh and Laura Veldkamp
Imperial College London - Accounting, Finance, and Macroeconomics, Columbia University Graduate School of Business and Columbia University - Columbia Business School

Multiple version iconThere are 4 versions of this paper

Downloads 56
35.

The Efficient Markets Hypothesis: The Demise of the Demon of Chance?

NYU Working Paper No. 2451/28348
Number of pages: 30 Posted: 26 Jun 2013
Working Paper Series
Stephen J, Brown
affiliation not provided to SSRN
Downloads 48
36.

Stockholder and Bondholder Reactions to Revelations of Large CEO Inside Debt Holdings: An Empirical Analysis

NYU Working Paper No. 2451/28340
Number of pages: 32 Posted: 26 Jun 2013
Working Paper Series
David Yermack and Wei Chenyang
New York University (NYU) - Stern School of Business and affiliation not provided to SSRN
Downloads 42
37.

A Pyrrhic Victory? Bank Bailouts and Sovereign Credit Risk

NYU Working Paper No. 2451/31331
Number of pages: 59 Posted: 26 Jun 2013
Working Paper Series
Viral V. Acharya, Itamar Drechsler and Philipp Schnabl
New York University - Leonard N. Stern School of Business, Wharton School, Department of Finance and New York University (NYU) - Department of Finance

Multiple version iconThere are 4 versions of this paper

Downloads 36
38.

Implicit Guarantees and Risk Taking: Evidence from Money Market Funds

NYU Working Paper No. 2451/31335
Number of pages: 58 Posted: 26 Jun 2013
Working Paper Series
Marcin T. Kacperczyk and Philipp Schnabl
Imperial College London - Accounting, Finance, and Macroeconomics and New York University (NYU) - Department of Finance

Multiple version iconThere are 2 versions of this paper

Downloads 29
39.

Dissecting the Effect of Credit Supply on Trade

NYU Working Paper No. 2451/31297
Number of pages: 49 Posted: 26 Jun 2013
Working Paper Series
Philipp Schnabl, Daniel Paravisini, Veronica Rappoport and Daniel Wolfenzon
New York University (NYU) - Department of Finance, London School of Economics & Political Science (LSE), London School of Economics & Political Science (LSE) and Columbia Business School - Finance and Economics
Downloads 28
40.

Imperfect Competition in the Interbank Market for Liquidity as a Rationale for Central Banking

NYU Working Paper No. 2451/29539
Number of pages: 42 Posted: 26 Jun 2013
Working Paper Series
Viral V. Acharya, Denis Gromb and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, HEC Paris and University of Amsterdam - Faculty of Economics and Business (FEB)

Multiple version iconThere are 3 versions of this paper

Downloads 20
41.

Ambiguity and Overconfidence

NYU Working Paper No. 2451/31332
Posted: 26 Jun 2013
Working Paper Series
Menachem Brenner, Yehuda (Yud) Izhakian and Orly Sade
New York University (NYU) - Department of Finance, City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance and Hebrew University of Jerusalem - Department of Finance

Multiple version iconThere are 2 versions of this paper

42.

Limits to Arbitrage and Hedging: Evidence from Commodity Markets

NYU Working Paper No. 2451/29543, Columbia Business School Research Paper No. 13-48
Posted: 26 Jun 2013
Working Paper Series
Viral V. Acharya, Lars A. Lochstoer and Tarun Ramadorai
New York University - Leonard N. Stern School of Business, University of California, Los Angeles (UCLA) - Anderson School of Management and Imperial College London

Multiple version iconThere are 6 versions of this paper

43.

Would Stricter Capital Requirements Raise the Cost of Capital? Bank Capital Regulation and the Low Risk Anomaly

NYU Working Paper No. 2451/31748
Number of pages: 52 Posted: 24 Apr 2013
Working Paper Series
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business

Multiple version iconThere are 5 versions of this paper

Downloads 109
44.

Equilibrium Existence and Approximation for Incomplete Market Models with Substantial Heterogeneity

NYU Working Paper No. 2451/31656
Number of pages: 41 Posted: 24 Apr 2013
Working Paper Series
Thomas M. Mertens and Kenneth L. Judd
Federal Reserve Bank of San Francisco and Stanford University - The Hoover Institution on War, Revolution and Peace

Multiple version iconThere are 2 versions of this paper

Downloads 39
45.

Do Strict Capital Requirements Raise the Cost of Capital? Banking Regulation and the Low Risk Anomaly

NYU Working Paper No. FIN-13-003
Number of pages: 52 Posted: 17 Mar 2013 Last Revised: 22 Apr 2013
Working Paper Series
Malcolm P. Baker and Jeffrey Wurgler
Harvard Business School and NYU Stern School of Business

Multiple version iconThere are 5 versions of this paper

Downloads 255
46.

Does Price Fixing Benefit Corporate Managers?

NYU Working Paper No. FIN-13-002, University of St.Gallen, School of Finance Research Paper No. 2013/9
Number of pages: 56 Posted: 10 Mar 2013 Last Revised: 28 Oct 2017
Working Paper Series
Tanja Artiga González, Markus Schmid and David Yermack
VU University Amsterdam, University of St. Gallen - Swiss Institute of Banking and Finance and New York University (NYU) - Stern School of Business
Downloads 1,061
47.

Asset Pricing Frictions in Fragmented Markets

NYU Working Paper No. 2451/31688
Number of pages: 68 Posted: 25 Jan 2013
Working Paper Series
Emiliano Pagnotta
Imperial College Business School

Multiple version iconThere are 2 versions of this paper

Downloads 73
48.

Shaping Liquidity: On the Causal Effects of Voluntary Disclosure

Journal of Finance, Forthcoming, NYU Working Paper No. 2451/31352
Number of pages: 57 Posted: 21 Sep 2012 Last Revised: 25 Aug 2013
Accepted Paper Series
Karthik Balakrishnan, Mary Brooke Billings, Bryan T. Kelly and Alexander Ljungqvist
Rice University - Jesse H. Jones Graduate School of Business, New York University, Yale SOM and Stockholm School of Economics

Multiple version iconThere are 3 versions of this paper

Downloads 153
49.

As Certain as Debt and Taxes: Estimating the Tax Sensitivity of Leverage from State Tax Changes

Journal of Financial Economics (JFE), 118, 684-712 (2015), NYU Working Paper No. FIN-12-009
Number of pages: 73 Posted: 21 Sep 2012 Last Revised: 24 May 2016
Accepted Paper Series
Florian Heider and Alexander Ljungqvist
European Central Bank (ECB) and Stockholm School of Economics

Multiple version iconThere are 4 versions of this paper

Downloads 93
50.

Pricing Systematic Ambiguity in Capital Markets

NYU Working Paper No. 2451/31587
Number of pages: 28 Posted: 28 Jul 2012 Last Revised: 10 Sep 2013
Working Paper Series
Menachem Brenner and Yehuda (Yud) Izhakian
New York University (NYU) - Department of Finance and City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 406